Oakland County Stabilization Fund Program

UPDATE: April 30, 2020Breaking news: The Oakland County Stabilization Grant Program for small businesses has received additional funding. Applications received by the original April 6 deadline will be considered with this new round of funding. New applications are not being accepted. Award notifications are anticipated to be announced the week of May 10. Email notice will be sent to all applicants on their application status.

Update: CLICK HERE to view the list of grants awarded in the first round of program funding (scroll down the page to view the list)

Update: April 3, 2020; Applications for this program are closed. Award announcements for the grants are expected by April 24

Update: If you have already submitted an application you MUST submit again using the new application form. There were errors in many of the applications so the County drafted a new application and everyone MUST submit (or re-submit) using the new application forms. Links to the forms are in the post below. Select one – grant or loan.

Oakland County Stabilization Fund for Small Businesses

As a small business owner in Oakland County, we want to help you understand and apply for one of the funding opportunities available.

These are the two programs, and you will have to determine which one is right for your company. You can only apply for one:

Small Business Grant (Part of the Michigan Small Business Relief Program)

Small Business Loan (Part of the Michigan Small Business Relief Program)

To be eligible for either the grant or loan, your business must have experienced significant financial hardship as a result of the COVID-19 outbreak or related state executive orders.

​​​​​​​Grant and Loan submissions must be submitted by April 6th at noon.

Select the type of funding your company is eligible for and you want to pursue:

Small Business Grant

Grant Qualifications

50 employees or fewer.

Working capital to support payroll expenses, rent, mortgage, utility, or other similar expenses.

Able to demonstrate an income loss as a result of the COVID-19 outbreak or related state executive orders.

You can apply for up to $10,000.

Instructions

Click the Small Business Grant button below to complete the online Eligibility and Application Form.

Next Steps

After all eligible applications have been confirmed, they will be forwarded to local review teams for funding consideration. After reviewing the applications, the local teams will forward their recommendations for grant funding to Oakland County. It is anticipated that successful applicants will be notified the week of April 13th.